Analyst Predicts Dogecoin, Shiba Inu And Floki To Rally Up To 100x But 'As Long As Bitcoin Holds Up'

A pseudonymous crypto analyst is predicting a strong run in the meme coin market, citing Dogecoin DOGE/USD, Floki FLOKI/USD, and Shiba Inu SHIB/USD as potential candidates.

What Happened: Altcoin Sherpa told his 194,000 followers on Twitter that as long as Bitcoin BTC/USD holds up, altcoins as a whole will continue to experience a strong run. 

While predicting that meme coins may be among the last to rally, the analyst suggests that accumulating some of these coins could potentially yield high returns, up to 100 times or greater.

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In addition to his meme coin musings, Altcoin Sherpa also offered an update on Litecoin LTC/USD, stating that it is building a strong foundation near the 200-week exponential moving average (EMA). He predicts that LTC is poised for a rally of at least 11% from its current level of $90 to above $100. 

Altcoin Sherpa also identified a strong bullish trend in the exponential moving averages (EMA) in the BTC movement. This is the first time in over a year that the analyst witnessed such a trend.

Price Action: At the time of writing, BTC was trading at $28,717 up 2.40% in the last 24 hours, according to Benzinga Pro.

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